China Business & Economy
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Chinese Premier Li Keqiang Lays out Country’s Goals: Cautious Economic Growth, Boom in Military Spending
With the commencement of meetings of the National People’s Congress, China’s rubber-stamp legislature, premier Li Keqiang gave an annual “work report” on March 5, highlighting China’s economic...
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US Commerce Department Says China Is Dumping Aluminum Foil Imports
WASHINGTON—The U.S. Commerce Department said on Feb. 27 it had made a final determination that imports of aluminum foil from China are being sold in the United States at less than their fair value and Chinese...
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News Analysis: Why China Is Anxious to Send Diplomats to the US
China is desperate to repair its relationship with the United States.Within a month, Beijing has sent two high-level officials on diplomatic visits to the U.S. to talk trade and make amends.On Feb. 8, State...
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Trump: ‘WTO Created China,’ at the Expense of the United States
WASHINGTON—President Trump pointedly blamed the World Trade Organization (WTO) for enabling China’s rise at the expense of the United States, in remarks to CPAC (Conservative Political Action Conference)...
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U.S. Treasury Official Slams China’s ‘Non-Market Behavior’
WASHINGTON—The U.S. Treasury’s top diplomat ramped up his criticisms of China’s economic policies on Wednesday, accusing Beijing of “patently non-market behavior” and saying that the United States...
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Former Security Czar’s Dirty Laundry Made Public, a Sure Sign of Having Fallen From Power
Rumors of China’s former security czar Luo Gan using his political clout to benefit his family have long been circulating on the Chinese internet. But with the publication of a recent exposé on the shady...
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Inner Mongolia Latest Region in China Caught Faking Finances
Communist authorities in Inner Mongolia recently admitted that they had exaggerated industrial revenue by 26 percent, or 53 billion yuan ($8.1 billion), according to state media on Jan. 3. The numbers...
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China’s Unfair and Dangerous E-Payments Policy
President Donald Trump’s Asia trip highlighted the difficulty in reducing barriers to entry for American companies to key Chinese sectors. American innovation in the electronic payment services sector,...
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Chinese Regime Laying Siege to US Semiconductor Industry
At the heart of the modern economy is the semiconductor, and the United States is the world leader in producing the tiny microchips. Now China is seeking by fair means and foul to challenge America’s...
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Paradise Papers Reveal Son-in-Law of Former Bank of China Governor Had Murky Stock Dealings
This is version 2.0 of the Panama Papers. The International Consortium of Investigative Journalists (ICIJ) has published findings from another batch of leaked documents, called the Paradise Papers, showing...
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In Latest Battle With Opposing Faction, Chinese Leader Xi Jinping Takes Command of Armed Police
Following recent new appointments and anticipated shakeups in China’s security apparatus, the commanding officer of the People’s Armed Police, Wang Ning, announced on Oct. 31 that the paramilitary...
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How Xi Jinping’s Anti-Corruption Campaign Has Put China’s Financial Institutions on Notice
Since Chinese Communist Party (CCP) leader Xi Jinping appointed a new official to head the Party’s internal anti-graft watchdog organization, there has been a lot of media speculation about what direction...
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Many Chinese Netizens Agree With Worldwide Survey Downgrading ‘Made in China’ Label
Perhaps it doesn’t come as a shock when an international survey shows that the “Made in China” label does not generate the highest consumer confidence. However, when the product tag from the Middle...
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McDonald’s New Name in China Draws Ridicule
When news broke that McDonald’s in China will be called something else, tens of thousands of Chinese internet users went on overdrive, their creativity going wild.On Oct. 26, McDonald’s China announced...
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China Tightens Control on Foreign Companies With Party Apparatus
China is one of the world’s biggest markets, but don’t expect business as usual when it comes to how companies operate inside the country. The Chinese Communist Party (CCP) permeates every aspect of society...
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China’s Twitter Clone Weibo Will Hire 1,000 Users to Rat Out Fellow Netizens for Dissenting Speech
Weibo, China’s equivalent of Twitter, has announced that it will hire 1,000 users to work as online censors. The censors will be rewarded monetarily for reporting “harmful” contents posted by other...
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China’s Takes Economic Risks to Gain Political Influence
Since the current regime leader Xi Jinping came to power in 2012, China has launched many a prestige project, like the Asian Infrastructure and Investment Bank (AIIB). Ostensibly they are for economic...
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Chinese Embrace Convenience—and Privacy Concerns of Mobile Pay
In China, breakfast at the local food stall can be paid for with a smartphone: scan the nearby QR code, and the money gets automatically deducted from the account linked to the device.Chinese consumers...
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China’s Central Bank Tells Banks to Stop Doing Business with North Korea: Sources
North Korean soldiers patrol next to the border fence near the town of Sinuiju across from the Chinese border town of Dandong on Feb. 10, 2016. (JOHANNES EISELE/AFP/Getty Images)BEIJING/HONG KONG — China‘s...
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US Trade Official Declares China an ‘Unprecedented Threat’ to World Trade System
WASHINGTON—China’s manipulative trade practices and economic model represent an “unprecedented threat” to the world’s market-based economy and U.S. interests, said U.S. Trade Representative Robert...